Auditors’ Report
30
We have examined the 1987 financial statements, including the group
financial statements, of Friesch-Groningsche Hypotheekbank N.V.
In our opinion, based on our examination, the financial statements of
Friesch-Groningsche Hypotheekbank N. V. present fairly its financial
position as per December 31, 1987, and its result of 1987.
Amsterdam, March 18, 1988
Van Dien Co
